Maura is an internationally renowned golfer from France. She is paid $1 million from a U.S. golf apparel company to wear the company's logo on her shirt and golf bag in the AIG Women's Open (which takes place in Scotland), which is televised worldwide. What is the source of the $1 million? How would your answer change if the payment was considered royalty income (ie. payment for the right to use Maura's image and name in advertising their products)?

Answer rating: 100% (QA)

Source of the 1 Million The 1 million paid to Maura by the US golf apparel company is considered end... View the full answer